11th Class Business Studies Emerging Modes Of Business

  • question_answer 8)
    Describe briefly any two applications of e-business.

    Answer:

    Two applications of e-business are (i) e-Procurement It involves internet-based sales transactions between business firms, including "reverse auctions" that facilitate online trade between a single business purchaser and many sellers, and, digital market places that facilitate online trading between multiple buyers and sellers. (ii) e-Communication/e-Promotion It includes e-mails, publication of online catalogues displaying images of goods, advertisement through banners, pop-ups, opinion polls and customer surveys, etc. Meetings and conferences may be held by the means of video conferencing.


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